Ron Dennis to step down as chairman of McLaren automotive and will sell his entire stake

Executive chairman of McLaren Automotive Ron Dennis
Executive chairman of McLaren Automotive Ron Dennis

Ron Dennis, chairman of McLaren Automotive, has announced he is selling his entire stake in the company after more than three decades.

Since 1980 he has helped transform McLaren from a company worth £3 million to one worth a staggering £2.4 billion.